>>> SunEdison discloses discussions relating to a new second lien credit facilit

SunEdison discloses discussions relating to a new second lien credit facility up to $650 mln (5.39)

- Co discloses it has been engaged in ongoing financing discussions with certain potential financing sources, including existing investors and lenders of the Company. In particular, the Company has specifically been engaged in discussions relating to a new up to $650 million second lien credit facility, a portion of the proceeds of which would be used to repay the Company's existing second lien credit facility.
- The Company is disclosing this information as part of an ongoing financing process and intends to continue to explore the potential second lien credit facility that may include a significant amount of the Company's outstanding equity.

>>> Viacom recommends shareholders reject below-market 'mini-tender' offer by TR

Viacom recommends shareholders reject below-market 'mini-tender' offer by TRC Capital

  • Co has been notified of an unsolicited "mini-tender" offer by TRC Capital Corporation to purchase up to 2.5 mln shares of Viacom Class B common stock at a price of $38.88/share
  • The offer price is ~4.7% below the closing price of Viacom's Class B shares on December 22, 2015, the day before commencement of the offer, and ~5.6% below today's closing price of $41.18.
  • The offer is for ~0.72% of the outstanding Class B shares of Viacom common stock as of November 4, 2015.

Fwd:>>> Royal Mail set to table EUR 5 per share takeover bid for PostNL - market rep

PNL NA +18% @ 3.889

From: LAURENT CHEKROUN (MAKOR SECURITIES LO) At: Dec 24 2015 09:25:30
Subject: Fwd:>>> Royal Mail set to table EUR 5 per share takeover bid for PostNL - market rep
Royal Mail set to table EUR 5 per share takeover bid for PostNL 

Royal Mail [LON:RMG], the UK-based postal service is about to submit an EUR 5 (GBP 3.66) per share takeover bid for Netherlands-based counterpart PostNL [AMS:PNL], according to gossip cited in a market report in The Daily Mail. The newspaper did not cite a source for the speculation.

A deal could be agreed early next year, the article said.

The item went on to mention talk that German rival Deutsche Post [ETR:DPW] is also interested in PostNL.

PostNL’s share price closed EUR 0.18 up at EUR 3.26 in Amsterdam yesterday, 23 December, valuing the company at EUR 1.44bn.

Daily Mail

>>> Telefonica seeks buyer for submarine cable business

Telefonica seeks buyer for submarine cable business

Telefónica [NYSE:TEF] has mandated JPMorgan Chase & Co to seek a buyer for its submarine cable business, Expansion reported without citing sources. According to the Spanish-language business paper, the business reports EBITDA close to EUR 200m and could be valued at around EUR 1.5bn.

The Spain-based telecoms company is studying alternatives to the sale of its subsidiary in the United Kingdom if the EUR 14bn deal with rival Three in the country (owned by Hong Kong's Hutchison) is frustrated, because of EC regulatory demands.

Expansion

>>> Royal Mail set to table EUR 5 per share takeover bid for PostNL - market rep

Royal Mail set to table EUR 5 per share takeover bid for PostNL 

Royal Mail [LON:RMG], the UK-based postal service is about to submit an EUR 5 (GBP 3.66) per share takeover bid for Netherlands-based counterpart PostNL [AMS:PNL], according to gossip cited in a market report in The Daily Mail. The newspaper did not cite a source for the speculation.

A deal could be agreed early next year, the article said.

The item went on to mention talk that German rival Deutsche Post [ETR:DPW] is also interested in PostNL.

PostNL’s share price closed EUR 0.18 up at EUR 3.26 in Amsterdam yesterday, 23 December, valuing the company at EUR 1.44bn.

Daily Mail

>>> China PBoC Q4 Survey:Household inflation expectations rise

China PBoC Q4 Survey:Household inflation expectations rise 
- Survey sees 52.0% consider property prices too high vs. 49.7% prior
- Survey sees 14.7% residents planning to buy property in the next 3 months
- Survey sees 15.2% households expecting property prices to fall in 1Q
- 51.1% of households believe consumer prices too high
- Bankers confidence index fell to 37.9%
- Enterpreneurs Confidence Index lower q/q to 46%